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  • BC-A.2 BC-A.2 Module History

    • BC-A.2.1

      This Module was first issued in January 2014 by the CBB. Any material changes that have subsequently been made to this Module are annotated with the calendar quarter date in which the change was made: Chapter UG-3 provides further details on Rulebook maintenance and version control.

      January 2014

    • BC-A.2.2

      A list of recent changes made to this Module is provided below:

      Module Ref. Change Date Description of Changes
      BC-3.5 10/2015 Added new Section on credit check reports.
      BC-3.6 07/2016 Added new Section on transaction advice.
      BC-5 01/2017 Added new Section on Cheques
      BC-3.7 04/2018 Added new Section on Fees and Charges for Services Provided to Individuals.
      BC-3.1.28A 07/2018 Added new Paragraph on existing "Early Repayment" requirements.
      BC-3.1.22 01/2019 Amended Paragraph on initial disclosure of charges by licensees.
      BC-3.1.24 01/2019 Amended Paragraph on disclosure to individual customers.
      BC-3.1.25A 01/2019 Added a new Paragraph on Rounding off in Transactions.
      BC-3.8 07/2019 Added a new Section on Interest on Credit Card Transactions.
      BC-4.3.14 04/2020 Amended Paragraph adding reference to CBB consumer protection.
      BC-4.5.6 04/2020 Amended Paragraph adding reference to CBB consumer protection.
      BC-4.7.1 - BC-4.7.3 04/2020 Amended Paragraphs adding reference to CBB consumer protection.
      BC-C 10/2020 Added a new Chapter on Provision of Financial Services on a Non-discriminatory Basis.
      BC-3.9 10/2020 Added a new Section on Fund Transfers by Customers of Payment Service Providers (PSP).
      BC-3.10 04/2021 Added a new Section on Merchant Fees on Payments to Zakat and Charity Fund.
      BC-1.2.1 07/2021 Deleted Paragraph.
      BC-1.2.2 07/2021 Deleted Paragraph.
      BC-3.1.6 07/2021 Amended Paragraph.
      BC-4.7.1 01/2022 Amended Paragraph on submission of quarterly report on complaints.
      BC-1.1.2 04/2022 Amended Paragraph on promotional schemes.
      BC-3.2.1 07/2023 Amended Paragraph on notification to the CBB of any new products or services with added cost.

    • Superseded Requirements

      • BC-A.2.3

        This Module supersedes the following provisions contained in circulars or other regulatory requirements:

        Document Ref. Document Subject
        Volumes 1 and 2 Module BC
        EDBS/KH/C/73/2018 Rounding off in Transactions
        Amended: January 2019
        January 2014